M&A
confidence high
sentiment positive
materiality 0.90
Andretti Acquisition Corp. II enters definitive merger with StoreDot at $800M pre-money valuation
Andretti Acquisition Corp. II
- StoreDot's XFC batteries charge 100 miles in 5 minutes, addressing key EV barrier.
- StoreDot has 90 registered and 11 pending patents; shipping samples to OEMs as of Sept 2025.
- Merger values StoreDot at $800M pre-money; pubco XFC Battery Ltd. to list on Nasdaq.
- Strategic investors include Daimler, Volvo, Polestar, VinFast, BP, TDK, Samsung.
- Andretti management (Bill Sandbrook, Matt Brown) have prior success with U.S. Concrete.